PEO 95% chance of beating Fully Insured
$154,258
median five-year savings
+22% expected savings
5th−$1,53925th$103,524 75th$187,04295th$217,211
Indiana Health-Plan Funding Guide
Indiana 2027 funding analysis by employer size
Plan year 2027 Rates used: PY2027 final rates
Compare your options based on what matters most: Year 1 cost, five-year savings, and the likelihood of outperforming Fully Insured.
10 Employees
10-employee funding analysis · 2027
Modeled with Benefitra's average client savings assumptions, 2,000 Monte Carlo runs, and 2027 Indiana market rates.
Choose another size ↑Blackwell underwriter reviewed and validated
Chance of beating Fully Insured over 5 years
PEO95%
Level-Funded81%
Taft-Hartley0%
Five-year median savings versus staying Fully Insured
PEO $154,258
Level-Funded $129,484
Taft-Hartley −$92,614
5th to 95th percentile 25th to 75th Median
Level-Funded 81% chance of beating Fully Insured
$129,484
median five-year savings
+13% expected savings
5th−$202,84925th$41,005 75th$166,08795th$189,258
With additional cost containment: $134K to $241K more potential savings; win rate rises to ~96%.
Taft-Hartley 0% chance of beating Fully Insured
−$92,614
median five-year savings
-15% expected savings
5th−$126,41425th−$106,129 75th−$78,37895th−$58,881
Fixed · nationwide · transparent pricing Get your Taft-Hartley rate →
Fully Insured today: ~$875 per employee/month is the baseline. Every savings figure above is measured against it.Rates used: PY2027 final rates$0 saved
Day-one and five-year context
Lowest modeled day-one costPEO · ~28% cheaper
Highest modeled five-year medianPEO · $154,258
These are separate measures, not a recommendation or a single “best” pick. Probability, downside range, eligibility, administration, and risk tolerance also matter.
Cost containment: Reference-Based Pricing · Cash Pay · Centers of Excellence · Specialty Rx Management · Care Navigation · High-Cost Dialysis Carve-Out · Direct Primary Care. Most strategies do not affect employees’ provider access or care.
Illustrative profile: Average age (~42), average health, state-adjusted premium, and approximately 10 enrolled employees. Actual quotes and underwriting can materially change results.
2027 renewal assumption: 2027 small-group filed rate 14.5% (final, per the Indiana Department of Insurance). Fully-insured renewal expectation used here: 8.7% a year over five years (six-year filed average incl. 2027); next 1 to 3 years 10.4%.
30 Employees
30-employee funding analysis · 2027
Modeled with Benefitra's average client savings assumptions, 2,000 Monte Carlo runs, and 2027 Indiana market rates.
Choose another size ↑Blackwell underwriter reviewed and validated
Chance of beating Fully Insured over 5 years
PEO95%
Level-Funded91%
Self-Funded Captive94%
Taft-Hartley0%
Five-year median savings versus staying Fully Insured
PEO $462,775
Level-Funded $551,211
Self-Funded Captive $503,202
Taft-Hartley −$277,843
5th to 95th percentile 25th to 75th Median
PEO 95% chance of beating Fully Insured
$462,775
median five-year savings
+22% expected savings
5th−$4,61825th$310,571 75th$561,12595th$651,632
Level-Funded 91% chance of beating Fully Insured
$551,211
median five-year savings
+24% expected savings
5th−$191,05725th$364,057 75th$634,33995th$700,463
With additional cost containment: $340K to $538K more potential savings; win rate rises to ~100%.
Self-Funded Captive 94% chance of beating Fully Insured
$503,202
median five-year savings
+23% expected savings
5th−$46,38625th$347,874 75th$594,62295th$679,265
With additional cost containment: $350K to $500K more potential savings; win rate rises to ~100%.
Taft-Hartley 0% chance of beating Fully Insured
−$277,843
median five-year savings
-15% expected savings
5th−$379,24325th−$318,387 75th−$235,13395th−$176,642
Fixed · nationwide · transparent pricing Get your Taft-Hartley rate →
Fully Insured today: ~$875 per employee/month is the baseline. Every savings figure above is measured against it.Rates used: PY2027 final rates$0 saved
Day-one and five-year context
Lowest modeled day-one costPEO · ~28% cheaper
Highest modeled five-year medianLevel-Funded · $551,211
These are separate measures, not a recommendation or a single “best” pick. Probability, downside range, eligibility, administration, and risk tolerance also matter.
Cost containment: Reference-Based Pricing · Cash Pay · Centers of Excellence · Specialty Rx Management · Care Navigation · High-Cost Dialysis Carve-Out · Direct Primary Care. Most strategies do not affect employees’ provider access or care.
Illustrative profile: Average age (~42), average health, state-adjusted premium, and approximately 30 enrolled employees. Actual quotes and underwriting can materially change results.
2027 renewal assumption: 2027 small-group filed rate 14.5% (final, per the Indiana Department of Insurance). Fully-insured renewal expectation used here: 8.7% a year over five years (six-year filed average incl. 2027); next 1 to 3 years 10.4%.
70 Employees
70-employee funding analysis · 2027
Modeled with conservative assumptions, 2,000 Monte Carlo runs, and 2027 Indiana market rates.
Choose another size ↑Blackwell underwriter reviewed and validated
Chance of beating Fully Insured over 5 years
PEO42%
Level-Funded92%
Self-Funded Captive100%
Taft-Hartley14%
Five-year median savings versus staying Fully Insured
PEO −$154,081
Level-Funded $374,454
Self-Funded Captive $519,875
Taft-Hartley −$904,310
5th to 95th percentile 25th to 75th Median
PEO 42% chance of beating Fully Insured
−$154,081
median five-year savings
-5% expected savings
5th−$1,571,59725th−$630,482 75th$378,36395th$1,586,240
Level-Funded 92% chance of beating Fully Insured
$374,454
median five-year savings
+11% expected savings
5th−$150,62425th$209,972 75th$656,36295th$1,561,834
With additional cost containment: $924K to $1.36M more potential savings; win rate rises to ~100%.
Self-Funded Captive 100% chance of beating Fully Insured
$519,875
median five-year savings
+15% expected savings
5th$204,19325th$355,304 75th$808,72695th$1,731,483
With additional cost containment: $898K to $1.19M more potential savings; win rate rises to ~100%.
Taft-Hartley 14% chance of beating Fully Insured
−$904,310
median five-year savings
-19% expected savings
5th−$1,488,60625th−$1,219,413 75th−$401,27595th$786,671
Fixed · nationwide · transparent pricing Get your Taft-Hartley rate →
Fully Insured today: ~$875 per employee/month is the baseline. Every savings figure above is measured against it.Rates used: PY2027 final rates$0 saved
Day-one and five-year context
Lowest modeled day-one costSelf-Funded Captive · ~11% cheaper
Highest modeled five-year medianSelf-Funded Captive · $519,875
These are separate measures, not a recommendation or a single “best” pick. Probability, downside range, eligibility, administration, and risk tolerance also matter.
Cost containment: Reference-Based Pricing · Cash Pay · Centers of Excellence · Specialty Rx Management · Care Navigation · High-Cost Dialysis Carve-Out · Direct Primary Care. Most strategies do not affect employees’ provider access or care.
Illustrative profile: Average age (~42), average health, state-adjusted premium, and approximately 70 enrolled employees. Actual quotes and underwriting can materially change results.
2027 renewal assumption: 2027 small-group filed rate 14.5% (final, per the Indiana Department of Insurance). Fully-insured renewal expectation used here: 8.7% a year over five years (six-year filed average incl. 2027); next 1 to 3 years 10.4%.
150 Employees
150-employee funding analysis · 2027
Modeled with conservative assumptions, 2,000 Monte Carlo runs, and 2027 Indiana market rates.
Choose another size ↑Blackwell underwriter reviewed and validated
Chance of beating Fully Insured over 5 years
PEO35%
Self-Funded96%
Self-Funded Captive100%
Taft-Hartley17%
Five-year median savings versus staying Fully Insured
PEO −$682,994
Self-Funded $1,225,730
Self-Funded Captive $1,243,120
Taft-Hartley −$1,834,604
5th to 95th percentile 25th to 75th Median
PEO 35% chance of beating Fully Insured
−$682,994
median five-year savings
-9% expected savings
5th−$4,017,51625th−$1,839,886 75th$545,64195th$3,438,688
Self-Funded 96% chance of beating Fully Insured
$1,225,730
median five-year savings
+15% expected savings
5th$100,81225th$828,883 75th$1,772,14995th$3,478,209
With additional cost containment: $1.94M to $2.96M more potential savings; win rate rises to ~100%.
Self-Funded Captive 100% chance of beating Fully Insured
$1,243,120
median five-year savings
+16% expected savings
5th$591,74425th$892,596 75th$1,848,54495th$3,728,760
With additional cost containment: $1.95M to $2.57M more potential savings; win rate rises to ~100%.
Taft-Hartley 17% chance of beating Fully Insured
−$1,834,604
median five-year savings
-18% expected savings
5th−$3,407,00425th−$2,627,023 75th−$653,43295th$2,047,655
Fixed · nationwide · transparent pricing Get your Taft-Hartley rate →
Fully Insured today: ~$875 per employee/month is the baseline. Every savings figure above is measured against it.Rates used: PY2027 final rates$0 saved
Day-one and five-year context
Lowest modeled day-one costSelf-Funded · ~12% cheaper
Highest modeled five-year medianSelf-Funded Captive · $1,243,120
These are separate measures, not a recommendation or a single “best” pick. Probability, downside range, eligibility, administration, and risk tolerance also matter.
Cost containment: Reference-Based Pricing · Cash Pay · Centers of Excellence · Specialty Rx Management · Care Navigation · High-Cost Dialysis Carve-Out · Direct Primary Care. Most strategies do not affect employees’ provider access or care.
Illustrative profile: Average age (~42), average health, state-adjusted premium, and approximately 150 enrolled employees. Actual quotes and underwriting can materially change results.
2027 renewal assumption: 2027 small-group filed rate 14.5% (final, per the Indiana Department of Insurance). Fully-insured renewal expectation used here: 8.7% a year over five years (six-year filed average incl. 2027); next 1 to 3 years 10.4%.
250 Employees
250-employee funding analysis · 2027
Modeled with conservative assumptions, 2,000 Monte Carlo runs, and 2027 Indiana market rates.
Choose another size ↑Blackwell underwriter reviewed and validated
Chance of beating Fully Insured over 5 years
PEO29%
Self-Funded99%
Self-Funded Captive100%
Taft-Hartley19%
Five-year median savings versus staying Fully Insured
PEO −$1,826,605
Self-Funded $2,166,974
Self-Funded Captive $2,237,545
Taft-Hartley −$2,988,853
5th to 95th percentile 25th to 75th Median
PEO 29% chance of beating Fully Insured
−$1,826,605
median five-year savings
-14% expected savings
5th−$7,780,94525th−$3,878,864 75th$438,46095th$5,311,167
Self-Funded 99% chance of beating Fully Insured
$2,166,974
median five-year savings
+16% expected savings
5th$831,67025th$1,592,925 75th$3,126,27495th$5,621,533
With additional cost containment: $3.21M to $4.84M more potential savings; win rate rises to ~100%.
Self-Funded Captive 100% chance of beating Fully Insured
$2,237,545
median five-year savings
+17% expected savings
5th$1,066,40825th$1,611,012 75th$3,306,06895th$6,227,321
With additional cost containment: $3.25M to $4.30M more potential savings; win rate rises to ~100%.
Taft-Hartley 19% chance of beating Fully Insured
−$2,988,853
median five-year savings
-18% expected savings
5th−$5,823,32125th−$4,371,120 75th−$909,72495th$3,922,461
Fixed · nationwide · transparent pricing Get your Taft-Hartley rate →
Fully Insured today: ~$875 per employee/month is the baseline. Every savings figure above is measured against it.Rates used: PY2027 final rates$0 saved
Day-one and five-year context
Lowest modeled day-one costSelf-Funded · ~12% cheaper
Highest modeled five-year medianSelf-Funded Captive · $2,237,545
These are separate measures, not a recommendation or a single “best” pick. Probability, downside range, eligibility, administration, and risk tolerance also matter.
Cost containment: Reference-Based Pricing · Cash Pay · Centers of Excellence · Specialty Rx Management · Care Navigation · High-Cost Dialysis Carve-Out · Direct Primary Care. Most strategies do not affect employees’ provider access or care.
Illustrative profile: Average age (~42), average health, state-adjusted premium, and approximately 250 enrolled employees. Actual quotes and underwriting can materially change results.
2027 renewal assumption: 2027 small-group filed rate 14.5% (final, per the Indiana Department of Insurance). Fully-insured renewal expectation used here: 8.7% a year over five years (six-year filed average incl. 2027); next 1 to 3 years 10.4%.
500 Employees
500-employee funding analysis · 2027
Modeled with conservative assumptions, 2,000 Monte Carlo runs, and 2027 Indiana market rates.
Choose another size ↑Blackwell underwriter reviewed and validated
Chance of beating Fully Insured over 5 years
PEO26%
Self-Funded100%
Self-Funded Captive100%
Taft-Hartley13%
Five-year median savings versus staying Fully Insured
PEO −$3,612,287
Self-Funded $4,181,709
Self-Funded Captive $4,231,828
Taft-Hartley −$5,872,892
5th to 95th percentile 25th to 75th Median
PEO 26% chance of beating Fully Insured
−$3,612,287
median five-year savings
-15% expected savings
5th−$15,456,34425th−$7,347,816 75th$140,99495th$7,238,459
Self-Funded 100% chance of beating Fully Insured
$4,181,709
median five-year savings
+16% expected savings
5th$1,875,52925th$3,062,818 75th$6,045,88595th$10,982,548
With additional cost containment: $6.48M to $8.44M more potential savings; win rate rises to ~100%.
Self-Funded Captive 100% chance of beating Fully Insured
$4,231,828
median five-year savings
+16% expected savings
5th$2,037,39625th$3,074,952 75th$6,142,34995th$11,263,569
With additional cost containment: $6.52M to $7.89M more potential savings; win rate rises to ~100%.
Taft-Hartley 13% chance of beating Fully Insured
−$5,872,892
median five-year savings
-18% expected savings
5th−$10,818,98425th−$8,369,366 75th−$2,749,52495th$3,949,042
Fixed · nationwide · transparent pricing Get your Taft-Hartley rate →
Fully Insured today: ~$875 per employee/month is the baseline. Every savings figure above is measured against it.Rates used: PY2027 final rates$0 saved
Day-one and five-year context
Lowest modeled day-one costSelf-Funded · ~12% cheaper
Highest modeled five-year medianSelf-Funded Captive · $4,231,828
These are separate measures, not a recommendation or a single “best” pick. Probability, downside range, eligibility, administration, and risk tolerance also matter.
Cost containment: Reference-Based Pricing · Cash Pay · Centers of Excellence · Specialty Rx Management · Care Navigation · High-Cost Dialysis Carve-Out · Direct Primary Care. Most strategies do not affect employees’ provider access or care.
Illustrative profile: Average age (~42), average health, state-adjusted premium, and approximately 500 enrolled employees. Actual quotes and underwriting can materially change results.
2027 renewal assumption: 2027 small-group filed rate 14.5% (final, per the Indiana Department of Insurance). Fully-insured renewal expectation used here: 8.7% a year over five years (six-year filed average incl. 2027); next 1 to 3 years 10.4%.
2026 analysis vs 2027
For 70-employee groups in Indiana, the modeled median five-year savings for Self-Funded Captive moved from $469,995 to $519,875, and its modeled chance of beating Fully Insured stayed at 100%.
| Employees | PEO | Level-Funded | Self-Funded | Self-Funded Captive |
|---|---|---|---|---|
| 10 | $95,677 → $154,25890% → 95% odds | $74,260 → $129,48474% → 81% odds | Not modeled | Not modeled |
| 30 | $287,032 → $462,77590% → 95% odds | $364,904 → $551,21187% → 91% odds | Not modeled | $329,146 → $503,20290% → 94% odds |
| 70 | −$134,569 → −$154,08142% → 42% odds | $327,034 → $374,45492% → 92% odds | Not modeled | $469,995 → $519,875100% → 100% odds |
| 150 | −$596,502 → −$682,99435% → 35% odds | Not modeled | $1,070,506 → $1,225,73096% → 96% odds | $1,119,887 → $1,243,120100% → 100% odds |
| 250 | −$1,595,288 → −$1,826,60529% → 29% odds | Not modeled | $1,892,554 → $2,166,97499% → 99% odds | $2,011,175 → $2,237,545100% → 100% odds |
| 500 | −$3,154,836 → −$3,612,28726% → 26% odds | Not modeled | $3,652,147 → $4,181,709100% → 100% odds | $3,809,894 → $4,231,828100% → 100% odds |
Fully Insured baseline used: $765 → $875 per employee per month (PY2026 rates → PY2027 final rates). Taft-Hartley is priced as a fixed nationwide rate rather than a state-rate model, so it is not compared here.
View the archived 2026 Indiana analysis (last year's model results, not current advice).
Illustrative model results, not a quote, a forecast or insurance, tax or legal advice. Actual premiums, claims, eligibility and underwriting vary by employer, and the rates used here may differ from the rates an employer is quoted.
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